JG Summit Holdings Inc will spend some 44.2 billion
pesos ($1.01 billion) in capital expenditure this year,
primarily for its property development and airline units, the
BusinessMirror newspaper reported quoting company President and
Chief Executive Officer Lance Gokongwei.
Gokongwei said with the country's growing economy, he
expects the firm to ride on that increase and post a
double-digit growth for the year.
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.
($1 = 43.8600 Philippine Pesos)
(Compiled by Manila Newsroom; Editing by Subhranshu Sahu)